The Twitter Inc. vs. Elon Musk legal showdown has begun after the social media platform’s filed a lawsuit against Musk in the Delaware court of Chancery.
Twitter has a 60 percent chance of winning a court order to enforce a take-private deal by Musk, according to Bloomberg Intelligence Litigation analyst Matthew Schettenhelm, who said he expects the court decision to come through in the fourth quarter.
Schettenhelm gave four reasons why a Twitter victory in the litigation is highly probable:
1. Musk May Struggle to Prove Material Breach
Musk’s termination letter dated July 8 doesn’t lay out a strong case, with the best point being Twitter breached its duty to share data. Although Musk did not get all the data he sought for, he may still “struggle to prove a material breach,” Schettenhelm added….